Check my work At the end of 2022, the following information is available for Great Adventures. Additional interest for five months needs to be accrued on the $32,000,6% loan obtained on August 1, 2021. Recall that annual Interest is paid each July 31. Assume that $12,000 of the $32,000 loan discussed above is due next year. . By the end of the year, $20,000 in gift cards have been redeemed. The company had sold gift cards of $27,000 during the year and recorded those as Deferred Revenue. Great Adventures is a defendant in litigation involving a biking accident during one of its adventure races. The company believes the likelihood of payment occurring is probable, and the estimated amount to be paid is $14,000. For sales of MU watches. Great Adventures offers a warranty against defect for one year. At the end of the year, the company estimates future warranty costs to be $6,000. General Requirement Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare a classified balance sheet as of December 31, 2022. Choose the appropriate accounts to complete the company's balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection, Post-closing GREAT ADVENTURES, INC. Balance Sheet December 31, 2022 Current Assets Current Liabilities: Post-closing Unadjusted Adjusted GREAT ADVENTURES, INC. Balance Sheet December 31, 2022 Post-closing Assets Liabilities UUTISSE Current Liabilities: / / / o 0 Total Current Liabilities 0 Total Liabilities Total Current Assets Long-term Assets: Stockholders' Equity 0 Total Stockholders' Equity Total Liabilities and Stockholders'Equity Total Assets $ Post-closing - GREAT ADVENTURES, INC. Trial Balance December 31, 2022 Account Title Credit Debit 89,370 52,000 2,600 9,000 1,100 77.400 Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable interest Payable Income Tax Payable Deferred Revenue Notes Payable (Long-term) Contingent Liability Warranty Liability Common Stock Retained Earnings Service Revenue Sales Revenue 27,250 22.800 800 15.500 7,000 32,000 14,000 6,000 20,000 34,450 25,500 140 anni CHER 22,800 15,500 7,000 32,000 14,000 6,000 20,000 34,450 25,500 140,000 450 Accounts Payable Interest Payable Income Tax Payable Deferred Revenue Notes Payable (Long-term) Contingent Liability Warranty Liability Common Stock Retained Earnings Service Revenue Sales Revenue Sales Discounts Interest Revenue Cost of Goods Sold Depreciation Expense Supplies Expense Salaries Expense Bad Debt Expense Interest Expense Rent Expense Income Tax Expense Insurance Expense Repairs and Maintenance Expense Total 320 39,500 18,250 1.000 29,000 2,900 1,250 3,400 15,500 6,700 600 347,420 $ $ 348.220
